Throughout this journey I hope to meet a mentor(s) who can help me with my vision to own numerous multifamily rentals to create cash flow, financial freedom, and creating a legacy for my family.

I wanted to create a crashpad.

They vary greatly, up to each individual bank or credit union.

Each house needed some improvements, so I offered zero down as my cash would be improving the units and his security of the promissory note/mortgage.He accepted as this is the 1st time in 7 years that he's actually putting money in his pocket each month.BTW, I resold each individual property on terms using a wrap around mortgage (which the seller is aware of and approved) at 7% interest to other landlords.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State website for all to see.

Even if billed separately for each unit, some utilities are provided by the local government and if unpaid create liens on the property.

For our market, we've created a model that analyzes EVERY property in Northern Nevada simultaneously, instead of needing to plug in one property at a time. 

Let's discuss your goals and create a plan to kickstart your real estate investment endeavors.

Quick general pointers, as already mentioned on this thread:- holding a flip property for a year changes nothing for taxes, in most cases- flip properties are not taxed as capital gain taxes and are not eligible for 1031s, in most cases- if you're a full-time broker and do not have other jobs, you will most likely qualify as a real estate professional- which does not exempt you from any taxes, but it can create other tax benefits, specifically allow you to apply losses from your rentals against your broker income- and there are other tax strategies that can help youFrom this point, you need to get yourself a tax pro.

How do you know if you'll be legally allowed to convert a detached garage into living space or create any other type of square footage increase: attached garage conversion, basement or attic conversion, ADU, etc.